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Greening Your Nonprofit's Operations—And Accounting Systems Too!

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  Earth Day is more than a reminder to protect our planet—it’s a call to action. For nonprofit organizations, that means not only advocating for sustainability but practicing it internally. From your day-to-day operations to your accounting systems, there are many meaningful ways to go green. At J.S. White & Associates, we help nonprofit organizations streamline their finances, improve efficiency, and align their operations with their values. Here’s how your nonprofit can take steps toward sustainability—both environmentally and financially. 🌍 Go Paperless (It's Easier Than You Think) Transitioning to a paperless environment isn’t just good for the trees—it saves time, reduces clutter, and improves access to key documents. Cloud-based accounting platforms like QuickBooks Online , Sage Intacct , or Xero allow teams to manage transactions, store receipts, and collaborate securely, all without printing a single page. ✅ Pro Tip: Use digital approval workflows for bills and...

I Missed the Tax Deadline - Now What?!?

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  April 15 has come and gone, and you didn’t file your taxes. Maybe life got busy, or maybe you were waiting on one last form. Whatever the reason, if you missed the tax deadline — don’t panic. You're not alone, and there are still steps you can take to minimize penalties and get back on track with the IRS. Step 1: File As Soon As Possible The longer you wait to file, the more potential penalties and interest can accumulate. If you owe taxes and haven’t filed, you may face two separate penalties: Failure-to-file penalty : Typically 5% of the unpaid taxes for each month (or part of a month) your return is late, up to 25%. Failure-to-pay penalty : Usually 0.5% of the unpaid taxes for each month, also up to 25%. Filing your return — even if you can’t pay right away — helps reduce the total penalty. So the sooner you file, the better. Step 2: Pay What You Can If you can’t pay your full tax bill, pay as much as you can when you file. The IRS will charge interest on any remaining ...

Last-Minute Tax Tips: What You Can (and Should) Do Before April 15

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  As April 15 quickly approaches, many individuals and small business owners find themselves scrambling to get their taxes in order. Whether you're filing on time or need to request an extension, there's still time to make smart financial decisions. Here are some practical last-minute tax tips to help you stay ahead of the deadline and avoid costly penalties. 1. File or Extend — Don’t Ignore the Deadline The worst thing you can do is do nothing. If you're not ready to file your tax return by April 15, make sure to file an extension. This gives you until October 15 to submit your return, but remember: an extension to file is not an extension to pay. You still need to estimate and pay any taxes owed by April 15 to avoid interest and penalties. You can file for an extension online using IRS Form 4868 or through most tax software platforms. If you need help with this, please contact our office at info@jswhitecpas.com or 630-519-4427. 2. Double-Check Common Deductions Ev...